What Not To Do When Trying To Sell Your Invention

What Not To Do When Trying To Sell Your Invention

Inventors today have a long road ahead of them. After all, you have to dream up that perfect idea, then take the right steps to bring it into existence. Along the way, there are plenty of mistakes that are easy to make that could lead you to serious problems and setbacks. Avoiding them is important.

With that in mind, itís worth taking a quick second to review some of the key things you shouldnít do when trying to bring your invention to market.

Never Assume Your Idea Doesnít Need Protection

If your idea is viable, it needs to be protected from intellectual property thieves. In short, you need a patent or you run the risk of losing control of your idea entirely.

Donít Just Apply For A Patent On Your Own

It seems like a DIY step, but the reality is that if your patent application isnít written in the best way possible, you could be denied. Even worse, your idea could be stolen outright once denial occurs. Having a professional help you in the process is a good idea.

Donít Limit Yourself

Many people assume that there is only one path they can take to bring their idea to the public. But you donít necessarily have to do it all yourself, and you donít have to be completely reliant on investors. Weigh the pros and cons of each option and find the one thatís right for you Ė donít limit yourself.

Donít Ignore Research

This oneís important. Itís easy to get so excited about the possibilities of your idea that you fail to research it completely. But you need to know a lot about your ideaís potential. Research everything, including things like:

  • Whether or not itís already been created
  • Market viability
  • Investor potential

Donít Forget A Solid Plan

You not only need a detailed sketch and plan for your product itself, but also a business plan that will help you take the right path to success. Becoming an inventor is almost like going into business for yourself, so be sure you craft the right plan to help you reach your goals.